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nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> but tyler, as you suggested, this is all a work in progress. the thing we cannot see that is not visible to the public or to the press is what's going on behind the scenes. staff discussions resumed yesterday. don't know how fruitful. i haven't gotten much of
nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for...
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Dec 6, 2012
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does president obama have the whip hand in all these negotiations, and are the republicans about to be blamed big-time for falling off their own fiscal cliff? joining me now is ace pollster scott rasmussen. i just did a little tv gig with scott, who's in about 60 cities across the country. all right, scott. you heard timothy geithner. he said if they don't raise taxes on the rich, they were going to go over the fiscal cliff. but at the end of the day, if we do fall over the fiscal cliff, if taxes go december 31st, will the republican party be blamed? >> absolutely. right now, people aren't convinced that either the president or congressional republicans are serious about negotiating. but they're a lot more willing to believe that the president is negotiating in good faith. >> and let me ask you. is the republican party therefore becoming the party of the rich, defending the top tax brackets, and is obama becoming the party of the middle class? >> absolutely. and larry, the reason the republicans are in this fix right now is because they think these discussions and negotiations are abou
does president obama have the whip hand in all these negotiations, and are the republicans about to be blamed big-time for falling off their own fiscal cliff? joining me now is ace pollster scott rasmussen. i just did a little tv gig with scott, who's in about 60 cities across the country. all right, scott. you heard timothy geithner. he said if they don't raise taxes on the rich, they were going to go over the fiscal cliff. but at the end of the day, if we do fall over the fiscal cliff, if...
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that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this deal. we just had an election all about this. why does not white house figure that these kinds of appearances are helpful when both sides positions are pretty well locked in already? >> because this president and this white house have concluded that public pressure is what will make republicans bargain with him and deal on his terms. after the private grand bargain negotiations in the summer of 2011, they concluded they weren't simply going to do it behind closed doors with republicans. president went out and campaigned. he hammered republicans beginning in the fall of 2011. he won the election and he was trying to keep the pressure on to
that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this deal. we just had an election all about this. why does not white house...
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president barack obama hits the road to talk to republicans about the fiscal cliff negotiations. >> all part of the road to the fiscal cliff we've been seeing now. what's the latest, eamon? >> to really push public opinion in his direction on the fiscal cliff talks. the president today making the argument that he's the guy in this debate that wants to lower american taxes. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's going to see their income taxes go up. it's true. y'all don't like that, huh? >> and you can tell how confident president barack obama knows how positive his polls are on his side of this issue. but on the game where he's campaigning publicly and negotiating privately. as you said meeting with john boehner at the white house yesterday. and clearly the president is meeting with republicans and then checking back with democrats. we see this pattern now a couple of times last week he met with or spoke to boehner. and then met with nancy pelosi, the democratic leader on capitol hill. today we're told he had a phone call on
president barack obama hits the road to talk to republicans about the fiscal cliff negotiations. >> all part of the road to the fiscal cliff we've been seeing now. what's the latest, eamon? >> to really push public opinion in his direction on the fiscal cliff talks. the president today making the argument that he's the guy in this debate that wants to lower american taxes. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's...
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off and perhaps it will fall to the blame -- fall on the republicans. that's why we think it could drift over the cliff. >> we'll see. i know you've been a champion of apple all year. we're going to ask you on the countdown if you'd still buy apple at these lower levels. that's still to come later. thank you, my friend. before we go to commercial here, some sad news for the business world and our family here at cnbc. saul steinberg, the father of our maria bartiromo, died earlier today at the age of 73. he was best known for launching a string of takeovers back in the 1980s. he was also an avid art collector and a major benefactor at the wharton school of business at the university of pennsylvania. he leaves behind a wife and five children, including maria's husband, our johnathan steinberg. our sincerest condolences to his family and friends and my dear friend maria, who is obviously with the family. saul steinberg, dead at the age of 73. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep
off and perhaps it will fall to the blame -- fall on the republicans. that's why we think it could drift over the cliff. >> we'll see. i know you've been a champion of apple all year. we're going to ask you on the countdown if you'd still buy apple at these lower levels. that's still to come later. thank you, my friend. before we go to commercial here, some sad news for the business world and our family here at cnbc. saul steinberg, the father of our maria bartiromo, died earlier today at...
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the republicans may have to strategically give it over to mr. obama. then you'll have a recession on your hands. if not a recession, bob riech, these high tax policies are going to slow the growth, make it more anemic. >> let me partially agree with both you and casey. i think that the jobs report today was not good. i think that we are still in a jobs recession. we're still in a gravitational pull of the great recession. and i think we ought to have much more on the demand side. i mean i'm not a supply cider. i see that big companies are sitting on $2 trillion of cash. the people at the top are doing very well. the problem is the median wage keeps on going down. most people don't have the cash to keep buying. so the government has got to step in this is the worst time to raise taxes on the middle class. it's the worst time to cut golf spending. then we really are in a recession. that really will bring on a recession. >> do you agree with that, casey. the worst time to cut government spending? >> well most of this spending we've been doing lately is ou
the republicans may have to strategically give it over to mr. obama. then you'll have a recession on your hands. if not a recession, bob riech, these high tax policies are going to slow the growth, make it more anemic. >> let me partially agree with both you and casey. i think that the jobs report today was not good. i think that we are still in a jobs recession. we're still in a gravitational pull of the great recession. and i think we ought to have much more on the demand side. i mean...
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republicans are on weak ground in this debate. president obama's more popular. the democrats are more popular than the republicans. the president's proposal to raise taxes on people over $250,000 is very popular with the american public. 59% in our poll say they're for it. 76% say it would be an acceptable outcome. the one thing that republicans have going for them in the debate is the public likes the idea of spending cuts. so while the president puts public pressure on republicans, he's trying to respond in kind and say president obama has not detailed the spending cuts he wants. of course, republicans have not detailed the spending cuts either because the place you get real money, melissa, is in the entitlement programs of medicare and social security, and those are very popular. so nobody really wants to lay out too many specifics. republicans have laid out some, saying they would raise the eligibility age for medicare from 65 to 67. saying that they would change the inflation adjustments for social security and other government programs to make them less ge
republicans are on weak ground in this debate. president obama's more popular. the democrats are more popular than the republicans. the president's proposal to raise taxes on people over $250,000 is very popular with the american public. 59% in our poll say they're for it. 76% say it would be an acceptable outcome. the one thing that republicans have going for them in the debate is the public likes the idea of spending cuts. so while the president puts public pressure on republicans, he's...
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have republicans take a step back and give president obama what he wants. >> i've got to get out. thanks to both of you. >> thank you. >> howard dean, we preeshtd it. and katie pavelich, we appreciate it. >>> egypt's government deployed tanks around the presidential palace today after clashes with protesters killed seven people. in syria, meanwhile, rebels continue to advance on damascus, prompting concern that president assad's regime will respond with chemical weapons. question, should the u.s. intervene in any of these here now is mark ginsburg, former white house middle east advisor. welcome back, mark. here's the thing. we drew a red line, president obama drew a red line over these chemical weapons of mass destruction. at what point do we have to start bombing them to prevent them from moving and utilizes those weapons of mass destruction? when's that happen? >> larry, the fact of the matter is that i already know some of those weapons have been moved and put into the hands of the iranian revolutionary guards operating in syria and also i believe some of it has been sold to h
have republicans take a step back and give president obama what he wants. >> i've got to get out. thanks to both of you. >> thank you. >> howard dean, we preeshtd it. and katie pavelich, we appreciate it. >>> egypt's government deployed tanks around the presidential palace today after clashes with protesters killed seven people. in syria, meanwhile, rebels continue to advance on damascus, prompting concern that president assad's regime will respond with chemical...
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president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house. question is going to be, what is that shakeup? the speaker wants and republicans have been the demanding more details from the white house on potential cuts and entitlement programs. the white house has shown no willingness to go further than they've already gone and they are winning this argument in terms of public opinion. so, another possibility for a shakeup is for republicans to some how give ground and we'll see whether that happens on decoupling top tax rates, 98% of american families. we're going to have to see what happens and if we hear from john boehner and president obama after this meeting which will probably only do if some breakthrough occurs. >> all right, john, thank you. keep us posted. we will
president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house. question is going to be, what is that shakeup? the speaker wants and republicans have been the demanding more details...
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>> first of all, we don't have an actual proposal from the obama administration. again, i think this is just a little distraction, a bobble that they're dangling in front of the republicans. but if we got the rate down to 28%, it depends on how they're, quote, paying for it, unquote. and if they make our world wide tax system worse, if they force companies to declare investment expenses as taxable income, that's going to bias the system against new call tapital. there's all sorts of bad ways to finance it. on the other hand, if they're getting rid of the ethanol loophole and all that, it's good news. i don't trust the white house because their track record is so far to the left. >> you're not trusting them, i get that. what about this sort of conundrum. supposed they did drop the corporate tax rate from 35 to 28 and pay for it with loophole closures and put that aside. if you're a small business, you might still be sitting with higher tax rate because the upper end tax rates are going up. a small business subchapter s may be at 40% or 44% with obama care, while th
>> first of all, we don't have an actual proposal from the obama administration. again, i think this is just a little distraction, a bobble that they're dangling in front of the republicans. but if we got the rate down to 28%, it depends on how they're, quote, paying for it, unquote. and if they make our world wide tax system worse, if they force companies to declare investment expenses as taxable income, that's going to bias the system against new call tapital. there's all sorts of bad...
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high income individuals. >> you see president obama's full interview with barbara walters friday on "20/20." boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefing at quarter past. the fed is expected to announce a new round of bond purchases as its latest program, operation twist, is set to expire at the end of the month. cnbc will begin at 12:00 p.m. eastern. >>> joining us is stewart richardson, partner at rpmg. the press conference -- we'll hear a fresh round of stimulus from the fed. how significant would that be? >> in my mind it's not that significant. i think as optics, people think this is another addition to the stimulus. the fact is that the fed for months and months and months when they go out to purchase longer term treasuries, they're trying to red
high income individuals. >> you see president obama's full interview with barbara walters friday on "20/20." boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben...
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. >> will it destroy the republican party if we go over the cliff? is it your fault? >> i don't know. we'll see. i think most of the policy that harry reid, nancy pelosi and barack obama are trying to promote are actually geared towards the 2014 elections. >> right. >> so that pelosi can be speaker again, and it's -- it's going to hurt the middle class. it's going to hurt poor people and senior citizens on limited incomes. >> congressman, just hearing that the graphic up that the president and speaker will be meeting again today at the white house to discuss the fiscal cliff so maybe there's a little ray of hope there. >> i hope so. the president has been nowhere to be found. he's been missing in action on this and has not offered any kind of real solutions to this problem. >> all right. maybe it will happen today. >> we'll watch the next meeting. thanks for being here on the program. thank you very much. >> congressman paul brown. coming up we'll hear from a lawmaker on the other side of the aisle who says raising the eligibility age is a non-starter in any deal to a
. >> will it destroy the republican party if we go over the cliff? is it your fault? >> i don't know. we'll see. i think most of the policy that harry reid, nancy pelosi and barack obama are trying to promote are actually geared towards the 2014 elections. >> right. >> so that pelosi can be speaker again, and it's -- it's going to hurt the middle class. it's going to hurt poor people and senior citizens on limited incomes. >> congressman, just hearing that the...
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we are told that president obama and speaker john boehner on the republican side of the capitol had a conference call yesterday about 20, 28 minutes in length. we don't know what was said. that's probably a good sign they are not leaking the contents of that call. that's a sign that there is some negotiation going on. something is happening behind the scenes but we just don't know what it is right now. back to you. >> eamon javers, thank you very much. >>> what can be done to break the stalemate in washington? representative jack kingston is a republican from georgia, member of the house appropriations committee. welcome, congressman. good to have you with us. >> thank you, tyler. >> we had the images yesterday of congress leaving for a long weekend. i have to say that it struck an awful lot of us as very poor sort of pr, very bad optics, if you want to use that term. you're still there in washington. why? and what do you think about the fact that congress went home? >> well, i'm actually doing some committee work but i will say this, that this debate is both inside and outside of the
we are told that president obama and speaker john boehner on the republican side of the capitol had a conference call yesterday about 20, 28 minutes in length. we don't know what was said. that's probably a good sign they are not leaking the contents of that call. that's a sign that there is some negotiation going on. something is happening behind the scenes but we just don't know what it is right now. back to you. >> eamon javers, thank you very much. >>> what can be done to...
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we were told that yesterday speaker boehner and president obama held a phone call, it was said to be about 20, 28 minutes in length but neither side has leaked what happened on that phone call. the house republicans are not leaking, the white house just within the past hour said it's not going to tell reporters what was discussed, that's probably an encouraging sign that negotiations are taking place. last week we saw that they had a proposal and immediately house republicans leaked the white house proposal and then republicans went out of their way to say they were laughing at that proposal, now they're not leaking, that's probably a sign of some real deal making but nonetheless harry reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it cou
we were told that yesterday speaker boehner and president obama held a phone call, it was said to be about 20, 28 minutes in length but neither side has leaked what happened on that phone call. the house republicans are not leaking, the white house just within the past hour said it's not going to tell reporters what was discussed, that's probably an encouraging sign that negotiations are taking place. last week we saw that they had a proposal and immediately house republicans leaked the white...
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republicans want a melt on xwiemtment and tax reform from the president. democrats insist this will not happen until the gop agrees on a tax hike. senator dick durbin saying no deal on the debt without a tax hike of the wealthy. >> i can't tell you, i don't want to do it, the president doesn't want to do it, but we need to solve the problem been we cannot allow the reckless position to drive this economy into another recession. >> some suggesting that it might be better to cave to the president now on taxes and keep up the fight on spending. >> if we were to pass, for instance, raising the top two rate and that's it, all of a sudden we do have the leverage of the debt ceiling and we haven't given that up. >> meantime, one influential voice says enough is enough. >> that's like betting your country. there's something terribly bizarre and juvenile about that is to think your party comes ahead of your country. i don't go for that at all. >> that, of course, was alan simpson, the other half of simpso simpson-bowles. erskin bowles will join us this morning, as
republicans want a melt on xwiemtment and tax reform from the president. democrats insist this will not happen until the gop agrees on a tax hike. senator dick durbin saying no deal on the debt without a tax hike of the wealthy. >> i can't tell you, i don't want to do it, the president doesn't want to do it, but we need to solve the problem been we cannot allow the reckless position to drive this economy into another recession. >> some suggesting that it might be better to cave to...
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obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a catastrophic standoff in mid 2011 that caused the downgrade in u.s. credit. president said he's simply not going to negotiate in the negotiating process that results in the same kind of stand-off. here is the president. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation? which, by the way, we have never done in our history until we did it last year. i will not play that game because we've got to break that habit before it starts. >> so w
obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a...
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. >> david down here in the capital, it's very interesting that every republican, of course, think obama care is terrible. if you're a shareholder in aca, or want to be one, you should be applauding obama care. i think this is a deal you probably want to be in. >> yeah, it is interesting, the for-profit hospital companies have done quite well under the affordable care act. >> just a quick note, trip adviser open for trade, up by 11%. as you mentioned, david, not as high as liberty is paying for the shares. but it sa nice close -- >> a real vote of confidence from john malone who runs liber liberty. >> again, trip adviser up to 59.5 right now. delta airlines buying a stake in virgin atlantic. the most interesting aspect of the story is the wager between richard branson and willy walsh, let's say it's below the belt. we'll have the details coming up next. and richard anderson, plus a gadget lover's delight for the holidays. a live interview with the ceo of brookstone. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good thin
. >> david down here in the capital, it's very interesting that every republican, of course, think obama care is terrible. if you're a shareholder in aca, or want to be one, you should be applauding obama care. i think this is a deal you probably want to be in. >> yeah, it is interesting, the for-profit hospital companies have done quite well under the affordable care act. >> just a quick note, trip adviser open for trade, up by 11%. as you mentioned, david, not as high as...
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christine the guard says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america pause economy growing again. >> there is still the degree of uncertainty. investors, entrepreneurs households, are not making decisions because they do not know what tomorrow will be. >> but washington's top republican leader, house speaker john boehner, complains there has been no progress in avoiding even immediate crisis. >> when it comes to the fiscal cliff disrupting our economy and threaten jobs, the white house has wasted another week. >> democrats shona signs of backing off from supporting the president's hard-line stance on raising the income tax rate on the rich. >> we realize there have to be two sets to the bargain, but we are not going to go back to what we did in 2011 putting both revenues and cuts on the table. >> despite the impasse in washington promising signs the economy might be improving -- more job creation, improvement in the housing sector, and a decrease in household debt. solution -- spending cuts combined wit
christine the guard says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america pause economy growing again. >> there is still the degree of uncertainty. investors, entrepreneurs households, are not making decisions because they do not know what tomorrow will be. >> but washington's top republican leader, house speaker john boehner, complains there has been no progress in avoiding even immediate crisis. >>...
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. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> our obligation is first do no harl. we need to lift that threat over the economy. and now as part of that, we'd like to put in place as i said a carefully designed mix of reforms to put our fiscal balance in the path of sustainability. as long as there is recognition by the other side that those rates will go up, we think we can reach an agreement on the set of reforms as i said that will be good for the economy. >> republicans were quick to hit back. orrin hatch called them stunning and irresponsible, but there may be more cracks in the ranks. "washington post" reports some moderate an
. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2%...
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house republicans are meeting with small business owners today. lawmakers are divided on how much they should compromise with the white house. this is a day after the house speaker john boehner unveiled a budget proposal that included some revenue concession but he faced heavy criticism. mitch mcconnell wouldn't publicly endorse boehner's plan, while jim demint says it would destroy jobs. at the same time, the kkr co-chairman and ceo henry kravis says uncertainty is the main reason why investing isn't happening right now. he says many companies are rushing to close deals before the end of the year, concerns about whether the capital gains tax will rise. he says the fiscal cliff shouldn't be a big issue, and if businessmen got into the room they could solve the problem much faster than congress. >>> adding his tuppence, he says they'll have to get used to it and the fiscal cliff is one of the reasons. >> we have structural influences that speak to the deleveraging, speak to aging demographics of the boomers, that speak to globalization and technolo
house republicans are meeting with small business owners today. lawmakers are divided on how much they should compromise with the white house. this is a day after the house speaker john boehner unveiled a budget proposal that included some revenue concession but he faced heavy criticism. mitch mcconnell wouldn't publicly endorse boehner's plan, while jim demint says it would destroy jobs. at the same time, the kkr co-chairman and ceo henry kravis says uncertainty is the main reason why...
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president obama heads to detroit to visit a daimler plant. >>> several republicans are now saying conservative lawmakers have no choice but to give in to the white house demands to raise tax breaks on the wealthy if they want to achieve their main goal of entitlement reform. >> there are a growing group of thugs looking at this and realizing we don't have a lot of cards as it relates to the tax issues before year-end. >> will i accept the tax increase as part of a deal to solve our problems? yes. >> senate republicans are facing opposition to their tax concessions in the house and democrats haven't been too receptive to their idea owes entitlement reforms. for more on this, jens is still with us. we've got, what, two working weeks until the end of the year. what's your base view here as to how this plays out? >> our base case is that we will get a type of deal probably later until the year. so i don't think it will be much of a christmas holiday for the key negotiators. i would say 60% to 70% probability that we get that pancake deal. then the details will have to be hammered out next year on
president obama heads to detroit to visit a daimler plant. >>> several republicans are now saying conservative lawmakers have no choice but to give in to the white house demands to raise tax breaks on the wealthy if they want to achieve their main goal of entitlement reform. >> there are a growing group of thugs looking at this and realizing we don't have a lot of cards as it relates to the tax issues before year-end. >> will i accept the tax increase as part of a deal to...
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credit and created a real catastrophe politically for the republican party, for president obama as well, and so jo engler has talked about a resolution that would last for five years. the republicans don't want to go along with it. the administration has proposed a permanent fix. don't expect the administration to get that in the end, but at least it gives them something to talk about with this pro-business group, carl. >> the republicans spoke just a minute ago, john boehner saying his fellow republicans do in fact, as we watch the president work the room ahead of his remarks, they do back his opposition to raising rates outright. this chatter that the coalition is fraying, how complicating is that? the question is whether it frays enough to caught a fundamental shift in strategy. i think at the end of the dahl the republicans will give on higher rates. the question is when? does 2 happen before december 31st? in which case republicans and conservatives would argue republicans are agreeing to a tax increase. does it happen after january 1st when rates will have already risen? and if th
credit and created a real catastrophe politically for the republican party, for president obama as well, and so jo engler has talked about a resolution that would last for five years. the republicans don't want to go along with it. the administration has proposed a permanent fix. don't expect the administration to get that in the end, but at least it gives them something to talk about with this pro-business group, carl. >> the republicans spoke just a minute ago, john boehner saying his...
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any christmas plans. 75% of americans would accept raising taxes on the wealthy as president obama is demanding. if the u.s. does go over the fiscal cliff, more would blame republicans than the president, although 56% say they would equally apportion the blame. >>> let's take a quick look at what's on the agenda for the u.s. jobly claims are expected to show a small gain. retail sales and prices. the core scloeding autos slightly lower on the month. producer prices are seen falling .5%. for the core there, inching up when you exclude food and energy. at 10:00 a.m., we include business inventories. plenty to keep investors butsy today. and the results of italy's latest debt auction are due next. just how confident are investors? we'll find out when we come back. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all sgreaat t. but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. on ground shipping at fedex office. >>> houston,
any christmas plans. 75% of americans would accept raising taxes on the wealthy as president obama is demanding. if the u.s. does go over the fiscal cliff, more would blame republicans than the president, although 56% say they would equally apportion the blame. >>> let's take a quick look at what's on the agenda for the u.s. jobly claims are expected to show a small gain. retail sales and prices. the core scloeding autos slightly lower on the month. producer prices are seen falling...
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but i will say this, part of the reason the republicans are so reluctant to do business with obama is they got rolled in the first two years. and the other thing is when they hear the rhetoric coming from the left, listen to people like paul krugman who says we've got to print money and borrow money. they're horrified. you take that message down south to a lot of constituencies and they don't want to deal with. so, you know, i think it's a strange time. we do have great polarization, but you're not going to convince the tea party types that the grow through more debt route is a good plan. they're never going to embrace that. >> but john boehner yesterday moved two tea party people off the budget committee. >> he better be careful because he could get fired very easily. >> i saw yesterday on twitter already there was a fire boehner -- >> he almost got fired last year. >> he's been on the bubble for some time now. although, i'm under the impression and reporting has suggested that the relationship between the two camps has gotten better. but clearly if you're eric cantor, why wouldn't y
but i will say this, part of the reason the republicans are so reluctant to do business with obama is they got rolled in the first two years. and the other thing is when they hear the rhetoric coming from the left, listen to people like paul krugman who says we've got to print money and borrow money. they're horrified. you take that message down south to a lot of constituencies and they don't want to deal with. so, you know, i think it's a strange time. we do have great polarization, but you're...
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reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. and i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction -- are you going to be able to raise taxes, yes or no? >> oh -- taxes are going to go up one way or the other. >> they are? >> i think the key is to make sure that taxes go up on high-end individuals like you and me, barbara. we can afford it. >> you can see the rest of that interview on "20/20" this friday. >>> markets are watching every move out of washington. the industria
reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important...
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president obama is campaigning out there. and republicans are considering. the question is will the president gain a small victory on taxes or a big deal. and we have the annualist, the most notable quotes of the year. the verbal gaps forever. let's see if you can guess which verbal stumble made the top of the list. finally, remember, 1%? 8%? of course, 47%. this is "politics nation." the place for politics. >>> listen to what newt gingrich said yesterday on "meet the press". >> if their competitor is going to be hillary clinton and supported by barack obama, trying to win that will be truly the super bowl. and the republican party, today, is incapable of competing at that level. >>> what a statement. i think that makes sense. and we'll be right back. >>> welcome back to "politics nation." when the governor of a major state switches political parties, it's very big news. now, we've got former florida governor charlie crist who anounszed he's leaving the party. in a tweet friday night, he wrote "proud and honored to join the democratic party in the home of pr
president obama is campaigning out there. and republicans are considering. the question is will the president gain a small victory on taxes or a big deal. and we have the annualist, the most notable quotes of the year. the verbal gaps forever. let's see if you can guess which verbal stumble made the top of the list. finally, remember, 1%? 8%? of course, 47%. this is "politics nation." the place for politics. >>> listen to what newt gingrich said yesterday on "meet the...
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some republicans are so bummed by the re-election of president obama that they don't want to live in america anymore.ç they also don't want to move. so 25% say they would like their state to secede from the union. only 56% of republicans want to remain americans. and 19% of republicans are still so dazed and confused they haven't been able to decide if they want to secede from the union. other republicans are making the saner choice of seceding from the party. in public policy polling's final poll before the election, they found that 37% of voters identified themselves as republicans. their new post-election poll shows a sharp decrease with 32% identifying themselves as republicans which is to say identifying themselves as losers. voters identifying themselves as democrats increased by exactly the same amount as voters identifying themselves as republicans decreased. america hates losers, and apparently no one hates losers more than losers. the simpson-bowles proposal is not so much losing with the electorate as ignored by them. 60% don't have an opinion one way or another about si
some republicans are so bummed by the re-election of president obama that they don't want to live in america anymore.ç they also don't want to move. so 25% say they would like their state to secede from the union. only 56% of republicans want to remain americans. and 19% of republicans are still so dazed and confused they haven't been able to decide if they want to secede from the union. other republicans are making the saner choice of seceding from the party. in public policy polling's final...
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. >> president obama offered a proposal, republicans didn't like that plan. now the g.o.p. has countered. so the ball is in the white house's court and that's what republicans are basically waiting for. but i don't see -- i don't think you'll see real progress over the next week. we are about two weeks away from christmas. three weeks until we hit the deadline and they're nowhere. what speaker boehner said correct. there's been no progress and there will be nor jockeying and leverage the next week. >> i want to point out in the president's weekly address that was issued yesterday, he says there's wiggle room by democrats to come up with a solution. >> that's true. that's what president obama -- he's been saying to republicans here and there, i'm willing to put more on the table but pour the moment, democrats are saying don't touch social security, don't cut medicare. this will come down to whoever blinks first on tax rates. republicans are going to bend on tax rates. maybe not $250,000 threshold, maybe closer to a million. but until that happens we won't see progress but ob
. >> president obama offered a proposal, republicans didn't like that plan. now the g.o.p. has countered. so the ball is in the white house's court and that's what republicans are basically waiting for. but i don't see -- i don't think you'll see real progress over the next week. we are about two weeks away from christmas. three weeks until we hit the deadline and they're nowhere. what speaker boehner said correct. there's been no progress and there will be nor jockeying and leverage the...
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president obama's in campaign mode while republicans are considering, well, considering. can the president pull off a historic victory? maybe. you're watching "hardball," the place for politics. ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. than giving her a diamond is sur
president obama's in campaign mode while republicans are considering, well, considering. can the president pull off a historic victory? maybe. you're watching "hardball," the place for politics. ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package...
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the polling shows republicans will be blamed. but remember, this is the obama- era. it will go down as his economy. i ask people, who was speaker of the house during the great depression when roosevelt was president. i will give $100 to anyone who can name to the speaker of the house was in that critical first 100 days. henry thomas are rainey. there is a name that is in the history books. the point of being that speaker bay near -- speaker john boehner is an important player, but it is obama's job to lead and the fine. if there are negative consequences here, it will be in the obama-era that things did not get fixed. who is the australian finance minister who says we are deep -- the united states is one of budget deal away from being a great country. and there are a lot of people in business who think we are poised to do some really good things in the global economy, the united states is. but if we cannot untangle this mess, it is not going to happen. >> you know more about the inner workings of our government than any living person. every single administration of o
the polling shows republicans will be blamed. but remember, this is the obama- era. it will go down as his economy. i ask people, who was speaker of the house during the great depression when roosevelt was president. i will give $100 to anyone who can name to the speaker of the house was in that critical first 100 days. henry thomas are rainey. there is a name that is in the history books. the point of being that speaker bay near -- speaker john boehner is an important player, but it is obama's...
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president obama is campaigning out there. and republicans are considering. the question is will the president gain a small victory on tarxes or a big deal. and we have the annualist, the most notable quotes of the year. the verbal gaps forever. let's see if you can guess which verbal stumble made the top of the list. finally, remember, 1%? 8%? of course, 47 pnt. this is "politics nation." the place for politics. lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! is a thrilling, dual-flavored ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. this reduced sodium soup says it may help lower cholesterol, how does it work?
president obama is campaigning out there. and republicans are considering. the question is will the president gain a small victory on tarxes or a big deal. and we have the annualist, the most notable quotes of the year. the verbal gaps forever. let's see if you can guess which verbal stumble made the top of the list. finally, remember, 1%? 8%? of course, 47 pnt. this is "politics nation." the place for politics. lost your appetite for romance? and your mood is on its way down. you...
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first up, will president obama convince republicans to give him a compromise that's big enough, sweeping enough to end this month on a high note? to cap off his election win and get a clean start on his second term. a victory for the president would look like this -- get that top income tax rate up. make minimal concessions on entitlement cuts and get it done before the end of this month, avoid that cliff. this week the president said talk on a partial deal on taxes alone will not cut it with him. >> there have been reports that perhaps the republicans go ahead and let the middle class tax cuts get extended, the upper income tax cuts go up, otherwise we don't get a deal and next year we come back. i have to just tell you, that's -- that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a game that i will play. chris: he wants a pretty good deal, a lot of things in it. when he sits down in that room with he and boehner, it's come down to the two of them, are both looking at the fact that obama won the election and he should get a tilt in his discretion,
first up, will president obama convince republicans to give him a compromise that's big enough, sweeping enough to end this month on a high note? to cap off his election win and get a clean start on his second term. a victory for the president would look like this -- get that top income tax rate up. make minimal concessions on entitlement cuts and get it done before the end of this month, avoid that cliff. this week the president said talk on a partial deal on taxes alone will not cut it with...
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. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nation's debt ceiling. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt ceiling votes, and take us to the brink of default again as part of a budget negotiioion, i will not play that game. >> republicans held their meeting with small business owners and denied they are trying to punt until next year. >> i'll be here. i'll be available at any moment to sit down with the president to get serious about solving the problem. >> they noted the president has not scheduled any meetings with g.o.p. leaders in weeks and not offered a
. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare...
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since obama doesn't seem to want to give anything to the republicans, that is where i think it will end up. lou: where do you think they will end up in a war that we will end up, far more importantly? >> i think that is a great question. i don't think anybody knows. to the point of the testing, i thought the interesting point was made by president obama at the business roundtable. working towards john engler his possession to extend debt ceiling providers. that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that it wilbe a staggering figure. especially since we have a president who is inclined to spend like hell. i don't think there's any doubt about that. the presi
since obama doesn't seem to want to give anything to the republicans, that is where i think it will end up. lou: where do you think they will end up in a war that we will end up, far more importantly? >> i think that is a great question. i don't think anybody knows. to the point of the testing, i thought the interesting point was made by president obama at the business roundtable. working towards john engler his possession to extend debt ceiling providers. that is what we are talking...
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48% believe president obama and republicans will reach an agreement but 43% say they won't. meantime, president obama is giving a stern warning to republicans who may be trying to use the debt ceiling as leverage. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until we did it last year, i will not play that game. >> we should say that the president and house speaker john boehner did speak by phone yesterday. that was the first time in a week. no one is saying what the conversation was about. shortly after that call treasury secretary tim geithner went on cnbc and said the white house is ready to go off the cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief
48% believe president obama and republicans will reach an agreement but 43% say they won't. meantime, president obama is giving a stern warning to republicans who may be trying to use the debt ceiling as leverage. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until we did it last year, i will not play that...
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yes. >> president obama wants republicans to sign off on the wealthy tax hike before any negotiations about send spending cuts dpin. >>> a cloud of political uncertainty hanging over venezuela. hugo chavez is traveling to cuba for surgery for a third time. this time he named the vice president to replace him in case something was to happen to them. earlier parliament votes unanimously to give him permission leave the country. >>> a man who shot three people to death on an indian reservation in california has been killed. police near fresno were involved in the shoot-out with the man that reportedly opened fire earlier on several people, three of whom died. his two young daughters were wounded, and police chased the suspect and said he shot at them, too. >>> the national menorah in front of the white house, illuminated tonight, marking the start of hanukkah. of course, no hanukkah celebration would be complete without a spinning draddel. >> the big event at the nation's capital, president obama will be inaugurated for a second term and that means plenty of turnover among his top adviso
yes. >> president obama wants republicans to sign off on the wealthy tax hike before any negotiations about send spending cuts dpin. >>> a cloud of political uncertainty hanging over venezuela. hugo chavez is traveling to cuba for surgery for a third time. this time he named the vice president to replace him in case something was to happen to them. earlier parliament votes unanimously to give him permission leave the country. >>> a man who shot three people to death on...
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so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come through tax reform and closing loopholes. happy new year. question, patrick, looking into the crystal ball and tell us about this january 1 monetary nuclear bomb. are we going over the cliff, patrick? >> i think i
so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just...
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instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream media has been talking about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely unrelated to the tea party movement. i left there because i had serious concerns about the ethical and moral behavior of the senior leadership. i don't particularly want to discuss that at length. i think you will be resolved. i am consoled by my certain knowledge that time will heal all wounds and this will be all sorted out. but it has nothing to do with with john boehner's misguided sense, his colleagues, all of who were elected as republicans on the republican ticket. or the notion that people have been dreaming about since 2009, that the tea party will dry up. tea party activists are people who have a long standing commitment to ideals. charles: we appreciat
instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream media has been talking about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely unrelated to the tea party movement. i left there because i had serious concerns...
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republican tortoise advanced neck length. the democratic one hasn't moved an some observers think it's dead. it hasn't moved in a month. obama is not going to move. he is not going to offer anything. boehner will have to decide how he capitulates. >> bret: okay. we will talk about it again, something tells me. that is it for the panel. stay tuned toee why some, some might be afraid to talk about entitlement reform. begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. [ mameet the 5-passenger it and ford c-max hybrid.cribable. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybr
republican tortoise advanced neck length. the democratic one hasn't moved an some observers think it's dead. it hasn't moved in a month. obama is not going to move. he is not going to offer anything. boehner will have to decide how he capitulates. >> bret: okay. we will talk about it again, something tells me. that is it for the panel. stay tuned toee why some, some might be afraid to talk about entitlement reform. begin. tomato, obviously. haha. there's more than that though, there's a...
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to the republican plan he rejected. >> i'm going need a response from the white house. we can't sit here and negotiate with ourselves. >> the president and boehner spoke on the phone wednesday, but republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person, here on capitol hill or at the white house, there will be no deal without a compromise on taxes, something that does not appear likely any time soon. >> an obsession to raise taxes is not going to solve the problem. >> treasury secretary timothy geithner said the white house is absolutely willing to go over the fiscal cliff if the gop doesn't agree to raise taxes on the top 2% of earners. while a handful of republicans seems willing to concede that point, the party seemed unchangeable. >> speaker boehner took a position, i think the day after the campaign, that said we're willing to bring in revenue, but we're not willing to increase rates. >> the president says if republicans will concede the point, they could reach a deal within
to the republican plan he rejected. >> i'm going need a response from the white house. we can't sit here and negotiate with ourselves. >> the president and boehner spoke on the phone wednesday, but republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person, here on capitol hill or at the white house, there will be no deal without a compromise on taxes, something that does not appear...
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obama has made a bet that the republican party is so inept at the politics of this that they will get stuck with it. he can hang the debt alba tros of the biggest tax increase in american history around their next. >> he wants it all. howard dean is the only guy i see that has said this is the best case scenario. they get defense sequestration, they get to raise taxes on everybody, and then they blame the republicans. >> yeah. and for howard dean, he's a man who basically believes in the european unionization of the united states. if you believe in that as obama does, too, this makes perfect sense. >> i've got the cd of yours. do you really sing on this. >> i sing on that with a full orchestra. you sing the devil went down to georgia. people said you killed the whole right wing pundit music business with your rendition. i felt i had to do something to address it. >> running on egg nothing? you wrote that? >> i wrote that. running objec on egg nog. >> there's nothing more gross in the world than egg nog. >> and you call yourself a great american? how can you be a great american if you
obama has made a bet that the republican party is so inept at the politics of this that they will get stuck with it. he can hang the debt alba tros of the biggest tax increase in american history around their next. >> he wants it all. howard dean is the only guy i see that has said this is the best case scenario. they get defense sequestration, they get to raise taxes on everybody, and then they blame the republicans. >> yeah. and for howard dean, he's a man who basically believes...
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Dec 13, 2012
12/12
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president obama congressional republicans stuck on taxes. new "wall street journal"/nbc news poll shows a majority of americans are siding with the president on this one and republicans poll we're seeing a big shift a majority favor compromise. white house correspondent brianna keilar has been following the negotiations which are said to be tense with 19 days to go over the cliff. good morning. >> reporter: good morning. it appears so far the parties here haven't gotten the message on compromise. i would say they're very far apart. they continue to talk, staff between the white house and house republicans are talking. president obama and the speaker have had conversations in recent days, but when you listen to how john boehner has described those conversations, sunday he said that their talk was cordal and then he described his tuesday conversation with the president as deliberate and frank, so it doesn't take much to read between the lines there and see that things haven't gone really in the right direction here in the last couple of days.
president obama congressional republicans stuck on taxes. new "wall street journal"/nbc news poll shows a majority of americans are siding with the president on this one and republicans poll we're seeing a big shift a majority favor compromise. white house correspondent brianna keilar has been following the negotiations which are said to be tense with 19 days to go over the cliff. good morning. >> reporter: good morning. it appears so far the parties here haven't gotten the...